Sheek Samuel Wade 4

What Happened
Sheek Samuel Wade, SVP & Chief Legal Officer of Herc Holdings (HRI), was granted a total of 8,123 shares through awards on 2026-02-03 (reported on Form 4). The grants break down as 4,220 shares (RSUs), 2,069 shares (PSUs earned but not yet vested), and 1,834 shares (PSUs for which the performance period ended and were converted to shares). To cover tax withholding obligations upon vesting, 705 shares and 219 shares were withheld (disposed) at $154.03 per share, generating cash proceeds of $108,591 and $33,733 respectively (total withheld value $142,324). The awards were recorded with acquisition code "A" and the withholdings under code "F".

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (filed timely).
• Awards: 4,220 RSUs (F1), 2,069 PSUs earned (F2 — 1,207 vests Feb 2027, 862 vests Feb 2028), 1,834 PSUs converted after certification (F3). All awards show acquisition price $0.00.
• Tax withholding (dispositions): 705 shares @ $154.03 = $108,591 (F4); 219 shares @ $154.03 = $33,733 (F5). Total withheld: 924 shares, $142,324.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F5 explain RSU vesting schedule, PSU performance and vesting timing, shares issued upon certification, and shares withheld to satisfy tax obligations.
• Transaction codes: A = Award/Grant, F = payment of exercise price or tax liability (here, shares withheld for taxes). No 10b5-1 plan or late filing indicated.

Context
These transactions are mostly award-related (acquisitions of RSUs/PSUs) and routine tax-withholding dispositions, not open-market sales. PSUs are performance-based and convert to shares at the end of their multi-year performance periods; RSUs vest on scheduled dates (one-third each Feb 3 of 2027–2029 per the footnote). Withheld-share disposals to cover taxes are common and do not necessarily indicate a change in insider sentiment.